Telecommunications operators urge the government to slash excise duty to 0.25% from 0.5% to encourage usage and ultimately boost revenue, parliament says on its website.
- Companies want tax capped at 5,000 shillings per transaction
- Transactions are also subject to a 15% service charge
- Taxes on mobile money transactions are higher than those on withdrawals at automated teller machines, mainly used by middle-income earners
- At least 35 million mobile-money transactions were made in the year ended-September last year worth 175 trillion shillings, according to Bank of Uganda
- NOTE: Units of MTN Group and Bharti Airtel are the dominant mobile money operators ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.